Friday, January 21, 2011

Google’s Revenue Rose 17% - NYTimes.com

Another way in which Google is now like Microsoft: despite very solid financial performance, most of the press will accentuate the negative

The upheaval at the top may have overshadowed the earnings report, but the numbers were good. Google benefited from the best online holiday shopping season since 2006, as Web users increasingly began their shopping sprees at the search engine.

“Whenever e-commerce improves, we see more advertisers competing for the same keywords, and that means more revenue for Google,” said Sandeep Aggarwal, an Internet analyst at Caris & Company.

Google’s Revenue Rose 17% - NYTimes.com

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